# Miller Value Partners, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1135778. Source: https://holderbook.com/funds/1135778-miller-value-partners-llc/

- Reported value: $423.1M
- Positions: 56
- Weight of the ten largest: 52.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NABORS INDUSTRIES LTD | [NBR](https://holderbook.com/stocks/NBR/) | $37.4M | 445,460 | 8.8% | 25 |
| GRAY MEDIA INC | [GTN](https://holderbook.com/stocks/GTN/) | $28.8M | 7,243,390 | 6.8% | 13 |
| DIREXION SHARES ETF TRUST | [SPUU](https://holderbook.com/stocks/SPUU/) | $24.6M | 114,078 | 5.8% | 1 |
| BLOOMIN BRANDS INC | [BLMN](https://holderbook.com/stocks/BLMN/) | $23.6M | 2,585,909 | 5.6% | 2 |
| QUAD / GRAPHICS INC | [QUAD](https://holderbook.com/stocks/QUAD/) | $21.4M | 2,538,299 | 5.1% | 30 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $21.3M | 603,160 | 5.0% | 10 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $20.6M | 2,092,679 | 4.9% | 2 |
| CONDUENT INC | [CNDT](https://holderbook.com/stocks/CNDT/) | $19.0M | 12,986,100 | 4.5% | 22 |
| BREAD FINANCIAL HOLDINGS INC | [BFH](https://holderbook.com/stocks/BFH/) | $14.4M | 132,798 | 3.4% | 13 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $12.5M | 116,003 | 2.9% | 4 |
| DAUCH CORP | [DCH](https://holderbook.com/stocks/DCH/) | $12.4M | 2,282,090 | 2.9% | 18 |
| USA TODAY CO INC | [TDAY](https://holderbook.com/stocks/TDAY/) | $12.0M | 1,401,080 | 2.8% | 24 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $11.6M | 733,164 | 2.8% | 23 |
| CTO RLTY GROWTH INC NEW | [CTO](https://holderbook.com/stocks/CTO/) | $11.6M | 539,900 | 2.7% | 19 |
| JELD-WEN HLDG INC | [JELD](https://holderbook.com/stocks/JELD/) | $10.7M | 7,139,095 | 2.5% | 6 |
| FOSSIL GROUP INC | [FOSL](https://holderbook.com/stocks/FOSL/) | $8.9M | 2,143,445 | 2.1% | 12 |
| COTY INC | [COTY](https://holderbook.com/stocks/COTY/) | $8.5M | 3,917,705 | 2.0% | 1 |
| JACKSON FINANCIAL INC | [JXN](https://holderbook.com/stocks/JXN/) | $8.2M | 80,142 | 1.9% | 19 |
| ITURAN LOCATION AND CONTROL | [ITRN](https://holderbook.com/stocks/ITRN/) | $8.2M | 133,700 | 1.9% | 4 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $7.9M | 69,096 | 1.9% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $7.1M | 168,000 | 1.7% | 6 |
| MILLROSE PPTYS INC | [MRP](https://holderbook.com/stocks/MRP/) | $6.9M | 229,300 | 1.6% | 3 |
| UPBOUND GROUP INC | [UPBD](https://holderbook.com/stocks/UPBD/) | $5.5M | 258,000 | 1.3% | 4 |
| ONEMAIN HLDGS INC | [OMF](https://holderbook.com/stocks/OMF/) | $5.1M | 82,941 | 1.2% | 31 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $5.0M | 62,000 | 1.2% | 4 |
| ALLIANCE RESOURCE PARTNERS L | [ARLP](https://holderbook.com/stocks/ARLP/) | $4.5M | 186,981 | 1.1% | 23 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $4.4M | 50,203 | 1.0% | 8 |
| UGI CORP NEW | [UGI](https://holderbook.com/stocks/UGI/) | $4.2M | 121,000 | 1.0% | 10 |
| BUILD-A-BEAR WORKSHOP INC | [BBW](https://holderbook.com/stocks/BBW/) | $4.1M | 133,567 | 1.0% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $4.0M | 69,500 | 0.9% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.6M | 6,412 | 0.9% | 1 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $3.5M | 28,856 | 0.8% | 2 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $3.4M | 41,755 | 0.8% | 14 |
| ARBOR REALTY TRUST INC | [ABR](https://holderbook.com/stocks/ABR/) | $3.3M | 611,000 | 0.8% | 2 |
| CITI TRENDS INC | [CTRN](https://holderbook.com/stocks/CTRN/) | $3.1M | 54,200 | 0.7% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $2.9M | 1,712 | 0.7% | 2 |
| BOISE CASCADE CO DEL | [BCC](https://holderbook.com/stocks/BCC/) | $2.9M | 37,000 | 0.7% | 11 |
| FIGURE TECHNOLOGY SOLUTIO | [FIGR](https://holderbook.com/stocks/FIGR/) | $2.8M | 89,668 | 0.7% | 2 |
| ZIFF DAVIS INC | [ZD](https://holderbook.com/stocks/ZD/) | $2.7M | 50,602 | 0.6% | 2 |
| MAPLEBEAR INC | [CART](https://holderbook.com/stocks/CART/) | $2.2M | 45,645 | 0.5% | 2 |
| RESIDEO TECHNOLOGIES INC | [REZI](https://holderbook.com/stocks/REZI/) | $2.1M | 68,931 | 0.5% | 2 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $2.0M | 4,428 | 0.5% | 1 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $2.0M | 38,000 | 0.5% | 6 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $1.7M | 19,115 | 0.4% | 2 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $1.7M | 40,000 | 0.4% | 7 |
| SHIFT4 PMTS INC | [FOUR](https://holderbook.com/stocks/FOUR/) | $1.5M | 29,965 | 0.3% | 2 |
| PERDOCEO ED CORP | [PRDO](https://holderbook.com/stocks/PRDO/) | $1.3M | 40,288 | 0.3% | 2 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $1.3M | 8,921 | 0.3% | 2 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $1.2M | 57,860 | 0.3% | 2 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $1.1M | 64,124 | 0.3% | 2 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $903.3K | 5,932 | 0.2% | 2 |
| LITHIA MTRS INC | [LAD](https://holderbook.com/stocks/LAD/) | $787.8K | 2,712 | 0.2% | 2 |
| VROOM INC | [VRM](https://holderbook.com/stocks/VRM/) | $450.4K | 58,488 | 0.1% | 2 |
| UNITED NAT FOODS INC | [UNFI](https://holderbook.com/stocks/UNFI/) | $214.9K | 4,705 | 0.1% | 9 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $210.2K | 3,170 | 0.0% | 18 |
| TUTOR PERINI CORP | [TPC](https://holderbook.com/stocks/TPC/) | $204.9K | 2,470 | 0.0% | 18 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.1% | +14.8% | -9.8% | 100% |
| Q1 2026 | +5.4% | -4.6% | +10.0% | 100% |
| Q4 2025 | +5.4% | +2.4% | +3.0% | 100% |
| Q3 2025 | +13.8% | +7.8% | +6.0% | 100% |
| Q2 2025 | +1.5% | +10.5% | -8.9% | 100% |
| Q1 2025 | -8.7% | -4.6% | -4.2% | 100% |
| Q4 2024 | +8.6% | +2.1% | +6.5% | 100% |
| Q3 2024 | +6.8% | +5.4% | +1.4% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $423.1M | 56 |
| Q1 2026 | $383.2M | 55 |
| Q4 2025 | $283.8M | 34 |
| Q3 2025 | $272.2M | 36 |
| Q2 2025 | $235.7M | 33 |
| Q1 2025 | $219.4M | 34 |
| Q4 2024 | $234.2M | 33 |
| Q3 2024 | $177.2M | 30 |
| Q2 2024 | $156.6M | 29 |
| Q1 2024 | $156.4M | 30 |
| Q4 2023 | $168.4M | 42 |
| Q3 2023 | $159.1M | 46 |